Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $13.18 and last traded at $13.23, with a volume of 622530 shares trading hands. The stock had previously closed at $13.99.
Wall Street Analyst Weigh In
A number of equities analysts have commented on DV shares. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Morgan Stanley dropped their price target on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Raymond James initiated coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an "outperform" rating and a $25.00 price objective on the stock. Barclays dropped their target price on shares of DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $22.00 price target on shares of DoubleVerify in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.00.
Check Out Our Latest Report on DoubleVerify
DoubleVerify Stock Up 1.2 %
The stock has a market cap of $2.25 billion, a P/E ratio of 36.58, a P/E/G ratio of 2.63 and a beta of 1.06. The company's 50 day moving average price is $18.41 and its 200-day moving average price is $18.62.
Insider Buying and Selling
In other news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.
Institutional Trading of DoubleVerify
Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in shares of DoubleVerify by 13.4% in the 4th quarter. Wellington Management Group LLP now owns 415,337 shares of the company's stock worth $7,979,000 after purchasing an additional 49,078 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in DoubleVerify by 106.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company's stock worth $1,110,000 after buying an additional 29,745 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in DoubleVerify during the fourth quarter valued at $6,422,000. Mackenzie Financial Corp boosted its position in DoubleVerify by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock valued at $108,753,000 after acquiring an additional 948,529 shares during the last quarter. Finally, Neo Ivy Capital Management grew its holdings in DoubleVerify by 271.0% during the 4th quarter. Neo Ivy Capital Management now owns 174,897 shares of the company's stock worth $3,359,000 after acquiring an additional 127,751 shares during the period. 97.29% of the stock is currently owned by institutional investors.
DoubleVerify Company Profile
(
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DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.
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